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  • SHANGHAI, April 21- China looks set to see its first default by a state-owned firm after Baoding Tianwei Baobian Electric Co Ltd said it had not raised enough funds to make a bond interest payment due on Tuesday. "The probability of making the payment has become highly uncertain," a notice posted by the company on the website of China's bond clearinghouse stated...

  • *Antaike cuts consumption growth f'cast to 5.7 pct from 6.3 pct. HONG KONG, April 21- Chinese demand for copper has been weaker than expected so far in 2015, but will pick up in the second-half as government stimulus measures boost orders from factories, a state-backed research firm said. Two industry sources in China said importers were reselling refined copper...

  • SHANGHAI, April 21- China stocks jumped on Tuesday as bullish investors piled into small-cap stocks, betting on further gains despite stretched valuations and a warning from official Xinhua News Agency against "irrational exuberance. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.2 percent to 4,619.16 points, while the...

  • SHANGHAI, April 21- BMW AG is working to integrate Tencent Holdings' popular WeChat messaging app into its cars in China and is planning to do it in a way that would not require the Internet giant to make changes to its software, its China R&D chief said. Ford Motor Co has said it is in talks to have Tencent Holdings Ltd tailor WeChat to be used in its cars.

  • *Trainmakers China CNR and CSR Corp slump on profit-taking. SHANGHAI, April 21- Stocks in China rebounded on Tuesday, with investor interest shifting back to small caps as a slump in top trainmakers China CNR and CSR Corp soured sentiment toward infrastructure stocks. Hong Kong shares also rose, encouraged by signs that more mainland money was flowing into the...

  • *BBVA expected to sell stake in CITIC Bank- sources. *Goldman Sachs is top underwriter of Hong Kong blocks. HONG KONG, April 21- A sharp rally in Hong Kong stocks has spawned 11 block trades worth $3.4 billion in April alone and bankers say a raft of similar deals is waiting in the wings, including Spanish lender BBVA's stake in China's CITIC Bank Corp..

  • European stocks boosted by telecoms, China stimulus Monday, 20 Apr 2015 | 11:54 AM ET

    *Telenet, KPN shares rise after Belgian deal. LONDON, April 20- European shares made a positive start to the week on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though gains were not enough to entirely erase the losses from Friday's sharp sell-off. Volkswagen, the only German blue-chip stock to fall, was depressed after Scania order...

  • *Euro slips on Greece worries, dollar. NEW YORK, April 20- European and U.S. stocks rose on Monday after China announced economic stimulus measures while the euro fell against the dollar on worries Greece may default. "What's helped the market today is the story about more stimulus in China," said Rick Meckler, President of LibertyView Capital Management in Jersey...

  • *Telenet, KPN rise after Belgian deal. LONDON, April 20- European shares got the week off to a positive start on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though it was not enough to erase the losses from Friday's sharp sell-off. Telecoms stocks including Belgacom, Deutsche Telekom and Numericable were up 2 to 3 percent after...

  • *Hang Seng Index falls 2.0 percent. SHANGHAI, April 20- China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. By the close both the CSI300 index of the largest listed companies in Shanghai and Shenzhen, and the Shanghai...

  • *China move boost Aussie, euro down on Greece worries. LONDON, April 20- Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default. This, in turn, contributed to an early rise in European shares,...

  • SHANGHAI, April 20 (Reuters)- China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. A cut in banks' reserve requirements announced by the People's Bank of China on Sunday was the largest since the global financial...

  • April 20- Hong Kong shares posted their biggest loss in four months on Monday, weighed down by an afternoon plunge in Shanghai stocks, even as China's central bank took its boldest policy move yet to bolster the slowing economy. Hong Kong stocks opened higher but fell in afternoon trade, following mainland markets which were weighed down by fears of regulatory...

  • SHANGHAI, April 20- China stocks surrendered early gains and dived on Monday in volatile trade as fears of a regulatory crackdown offset the central bank's boldest policy move yet to bolster the slowing economy. Although the government is supportive of a bull market, "the market will now start to price in an interest rate cut, and positive news flow appears to have...

  • TOKYO, April 20- An index of Asian shares slipped on Monday and Chinese stock markets erased earlier sharp gains made after China's central bank boosted banks' lending power by reducing their reserve requirements. Britain's FTSE 100 was seen to open 35 to 36 points higher, or up 0.5 percent; Germany's DAX to open 23 to 25 points higher, or up 0.2 percent; and France's...

  • *Interest rate swaps, money market yields down after RRR cut. SHANGHAI, April 20- China's short-term rates fell and interest rate swap yields declined on Monday following the central bank's larger-than-expected 100 basis point cut in banks' reserve ratio requirement at the weekend. The benchmark seven-day repo, considered the best indicator of short term...

  • Small is beautiful for Audi in China Monday, 20 Apr 2015 | 2:05 AM ET

    SHANGHAI, April 20- German carmaker Audi AG sees compact cars increasingly becoming the main driver of sales in China, as the country's booming middle class looks for more affordable luxury, the firm's China president Dietmar Voggenreiter said on Monday. Smaller luxury cars are a big volume driver for Audi- the profit engine for Volkswagen AG- and other premium...

  • Model makeover helps skirt China autoshow crackdown Monday, 20 Apr 2015 | 1:21 AM ET

    SHANGHAI, April 20- Amid the razzmatazz, music and crowds at the Shanghai autoshow on Monday, hundreds of attractive young women, and men, mingled among the stands and company booths, introducing the newest sedans and handing out pamphlets. For years, often skimpily dressed female models have been a staple at China's big autoshows- as much of a draw as the latest car...

  • SEOUL, April 20- Kia Motors Corp released its K9 premium sedan in China on Monday, kicking off its journey upmarket with a model whose sales have been paltry both in the United States and at home in South Korea. "A strong preference for German cars in China will make it even more difficult for Kia to penetrate the premium segment there," said analyst Chae Hee- guen at...

  • SHANGHAI, April 20- Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG and General Motors show no sign of letting up on their planned investments, while Toyota Motor and Ford Motor are also pursuing...